Atul Ltd 2016-17

185 ( ` cr) Note 27 Finance costs 2016-17 2015-16 Interest on borrowings 18.11 21.82 Interest on financial liabilities at amortised cost 1.11 1.19 Interest on others 4.40 1.03 Other borrowings cost 0.52 0.69 Exchange difference (net) 1.03 2.80 25.17 27.53 ( ` cr) Note 28 Other expenses 2016-17 2015-16 Consumption of stores and spares 45.87 39.22 Power, fuel and water 322.91 270.50 Conversion and plant operation charges 32.76 37.26 Building repairs 15.83 19.81 Plant and equipment repairs 52.25 59.35 Sundry repairs 7.54 7.12 Rent 2.97 2.83 Rates and taxes 1.33 1.32 Insurance 7.47 6.97 Freight, cartage and octroi 70.17 62.14 Commission 3.30 4.33 Travelling and conveyance 17.11 15.78 Payments to the Statutory Auditors a) Audit fees 0.75 0.48 b) Tax matters 0.09 0.07 c) Other matters 0.42 0.47 d) Out of pocket expenses 0.02 0.02 Payments to the Cost Auditors a) Audit fees 0.02 0.02 b) Other matters (Current year: ` 7,000) – c) Out of pocket expenses (Current year: ` 17,970 and Previous year: ` 21,315) Directors’ fees and travelling 1.71 1.42 Directors’ commission (other than the Executive Directors) 0.85 0.86 Manpower services 33.80 27.73 Bad debts and irrecoverable balances written off 2.07 1.57 Allowance for doubtful debts written off | (written back) – 1.24 Loss on assets sold, discarded or demolished 0.20 1.62 Expenditure on Corporate Social Responsibility initiatives 6.72 5.40 Exchange rate difference - loss 5.48 0.24 Miscellaneous expenses 57.23 49.99 688.87 617.76 Notes to the Consolidated Financial Statements